Sanmina Corporation (SANM) Stock Price & Analysis
Sanmina Corporation (SANM) closed at USD 154.47 on Thursday, October 22, 2026, down 10.23% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 154.47; the Oct 22, 2026 session ranged USD 153.12–166.91 on volume of 1,236,678 shares. Market capitalization is —, with a 52-week range of USD 118.1–288.68 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:21 UTC.
Also available as compact Markdown for AI agents: nexqual.com/SANM.md
Key facts (SANM)
- Last four reported quarters (through Jun 27, 2026): revenue $12.8B, net income $308M (2.4% margin), free cash flow $594M (SEC filings).
- 3 of 80 tracked superinvestors hold SANM (13F, Q2 2026): 3 new, 0 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 11 Form 4 filings, $38.0M; 6 not under a Rule 10b5-1 plan ($33.5M); 1 by opportunistic insiders (1 outside 10b5-1 plans), 4 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +16.3% vs S&P 500 +14.9%; 5Y +307.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 3.27, revenue estimate $3.48B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (SANM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $6.74B | $7.92B | $8.94B | $7.57B | $8.13B | $12.8B |
| Gross profit | $526M | $622M | $743M | $640M | $716M | — |
| Operating income | $256M | $349M | $456M | $335M | $355M | $530M |
| Net income | $250M | $240M | $310M | $223M | $246M | $308M |
| EPS (diluted) | $3.72 | $3.81 | $5.18 | $3.91 | $4.46 | — |
| Free cash flow | $265M | $192M | $43.8M | $229M | $473M | $594M |
| Gross margin | 7.8% | 7.9% | 8.3% | 8.5% | 8.8% | — |
| Operating margin | 3.8% | 4.4% | 5.1% | 4.4% | 4.4% | 4.2% |
| Net margin | 3.7% | 3.0% | 3.5% | 2.9% | 3.0% | 2.4% |
| Revenue growth | -3.0% | +17.5% | +12.8% | -15.3% | +7.4% | — |
| Cash + short-term investments | $650M | $530M | $668M | $626M | $926M | — |
| Total debt | $330M | $347M | $338M | $317M | $300M | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 27, 2026) (SANM)
P/E at fiscal year-ends: Sep 2025 25.8x, Sep 2024 17.5x, Sep 2023 10.5x.
Superinvestors (SEC 13F-HR, Q2 2026) (SANM)
3 of 80 tracked investors hold SANM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Lee Ainslie | Maverick Capital | 0.01% | $582K | New position |
| First Eagle Investment | First Eagle Investment Management | <0.01% | $810K | New position |
| Polen Capital | Polen Capital Management | <0.01% | $224K | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (SANM)
5 of 11 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-09-17 | Johnson Susan A | Director | 120 | $24K | 1.2% | Yes | Too little history (no open-market trades in 2023) |
| 2026-08-28 | Johnson Susan A | Director | 120 | $24K | 1.2% | Yes | Too little history (no open-market trades in 2023) |
| 2026-05-29 | Faust Jonathan P | EVP & CFO | 10,076 | $2.7M | 11.6% | Yes | Too little history (no open-market trades in 2023–2025) |
| 2026-05-26 | Reid Alan McWilliams | EVP, Global Human Resources | 5,000 | $1.3M | 17% | Yes | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-08 | Reid Alan McWilliams | EVP, Global Human Resources | 1,000 | $249K | 3.3% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-06 | Sola Jure | Chairman & CEO | 118,368 | $27.1M | 7.6% | No | Too little history (no open-market trades in 2025) |
| 2026-05-04 | Reid Alan McWilliams | EVP, Global Human Resources | 1,000 | $225K | 3.2% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-05-01 | Hedley David V Iii | Director | 500 | $110K | 6.3% | No | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-01 | Reid Alan McWilliams | EVP, Global Human Resources | 1,000 | $218K | 3.1% | No | Routine (sold in Feb each year 2023–2025; this trade is outside those months) |
| 2026-04-30 | Venkatesh Vishnu | See Remarks | 2,275 | $484K | 11% | Yes | Too little history (no open-market trades in 2023 or 2024) |
| 2026-04-29 | Licata Joseph G Jr | Director | 26,565 | $5.6M | 48.9% | No | Too little history (no open-market trades in 2023 or 2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (SANM)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-28 | JP Morgan | Target lowered | Neutral | $275 → $260 |
Total return (dividends reinvested) (SANM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +16.3% | +307.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.4% | +32.3% |
| Volatility (annualized) | 70.8% | 43.3% |
| Max drawdown | -45.4% (Jun 2026→Oct 2026) | -40.5% (May 2026→Oct 2026) |
SANM revenue by business segment (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Reportable Segment - IMS | $2.96B | 85.4% | +79.4% |
| IMS Third Party Revenue | $2.95B | 85.1% | +79.8% |
| Other Segments - CPS | $545.8M | 15.8% | +29.2% |
| CPS Third Party Revenue | $516.4M | 14.9% | +28.4% |
| Total revenue | $3.46B | 100% | — |
SANM revenue by region (quarter ended Jun 27, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Americas | $2.39B | 69.1% | +97.5% |
| Asia Pacific | $725.2M | 20.9% | +18.4% |
| EMEA | $346.7M | 10.0% | +58.8% |
| Total revenue | $3.46B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
SANM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | AMD (AMD) | “manufacturing business of ZT Systems from Advanced Micro Devices, Inc., and in October 2022, we entered into a joint venture with a wholly owned subsidiary of Reliance Strategic Business Ventures Limited ("RSBVL").” |
| Competitor | Celestica (CLS) | “Our competitors include major global EMS providers, including Benchmark Electronics, Inc., Celestica, Inc., Flex Ltd., Hon Hai Precision Industry Co., Ltd. (Foxconn), Jabil Inc. and Plexus Corp., as well as other companies that have a regional, product, service or industry-specific focus.” |
| Competitor | Flex (FLEX) | “Our competitors include major global EMS providers, including Benchmark Electronics, Inc., Celestica, Inc., Flex Ltd., Hon Hai Precision Industry Co., Ltd. (Foxconn), Jabil Inc. and Plexus Corp., as well as other companies that have a regional, product, service or industry-specific focus.” |
| Competitor | Hon Hai (Foxconn) | “Our competitors include major global EMS providers, including Benchmark Electronics, Inc., Celestica, Inc., Flex Ltd., Hon Hai Precision Industry Co., Ltd. (Foxconn), Jabil Inc. and Plexus Corp., as well as other companies that have a regional, product, service or industry-specific focus.” |
| Competitor | Jabil (JBL) | “Our competitors include major global EMS providers, including Benchmark Electronics, Inc., Celestica, Inc., Flex Ltd., Hon Hai Precision Industry Co., Ltd. (Foxconn), Jabil Inc. and Plexus Corp., as well as other companies that have a regional, product, service or industry-specific focus.” |
Quoted from the company's 10-K filed Nov 13, 2025.
Companies that name SANM in their SEC reports
| Relationship to SANM | Company | Filing | Sentence |
|---|---|---|---|
| competitor | Kimball Electronics, Inc. (KE) | 10-K Aug 19, 2026 | “Our competition includes EMS companies such as Benchmark Electronics, Inc., Flex Ltd., Jabil Inc., Plexus Corp., and Sanmina Corporation as well as specialized providers of medical device manufacturing, drug delivery solutions, and precision molded plastics.” |
| competitor | Fabrinet (FN) | 10-K Aug 18, 2026 | “Competitors in the market for optical manufacturing services include Benchmark Electronics, Inc., Celestica Inc., InnoLight Technology (Suzhou) Ltd., Jabil Inc., Sanmina Corporation, Venture Corporation Limited and Eoptolink Technology Inc., Ltd., as well as the internal manufacturing capabilities of our customers.” |
| customer | Lifeward Ltd. (LFWD) | 10-K Mar 18, 2026 | “During 2025, we terminated our contract manufacturing agreement with Sanmina Corporation for the manufacture of our ReWalk exoskeletons” |
| customer | Orchestra BioMed Holdings, Inc. (OBIO) | 10-K Mar 12, 2026 | “Currently, the workstation component of our Pure-Vu® System is manufactured by Sanmina Corporation at their facilities in Israel.” |
| competitor | CELESTICA INC (CLS) | 10-K Feb 27, 2026 | “Our competitors in the EMS industry include Benchmark Electronics, Inc., Flex Ltd., Hon Hai Precision Industry Co., Ltd., Jabil Inc., Plexus Corp., and Sanmina Corporation, as well as smaller EMS companies that often have a regional, product, service or industry-specific focus.” |
| competitor | BENCHMARK ELECTRONICS INC (BHE) | 10-K Feb 24, 2026 | “Our competitors include Celestica Inc., Flex Ltd., Jabil Inc., Kimball Electronics Inc., Plexus Corp, and Sanmina Corporation.” |
| partner | Arista Networks, Inc. (ANET) | 10-K Feb 17, 2026 | “Our primary manufacturing partners are Jabil Inc., Sanmina Corporation and Foxconn Hon Hai.” |
| competitor | TTM TECHNOLOGIES INC (TTMI) | 10-K Feb 17, 2026 | “Our principal competitors for our A&D segment include BAE Systems plc, Curtiss-Wright Corporation, Leonardo DRS, Inc., Mercury Systems, Inc., and Sanmina Corporation.” |
| partner | ADVANCED MICRO DEVICES INC (AMD) | 10-K Feb 4, 2026 | “Sanmina will also be our preferred partner for manufacturing capabilities in building complex AI solutions.” |
SANM customer concentration
In the period ended Sep 27, 2025, a single direct customer accounted for 10.1% of revenue, per the company's 10-K filed Nov 13, 2025. The company does not name it.
SANM company outlook (results filed Jul 27, 2026)
- “Safe Harbor Statement The statements above relating to anticipated demand during fiscal 2027 and into fiscal 2028, and our financial outlook for the fourth quarter fiscal 2026 and fiscal year 2026, constitute forward-looking statements within the meaning of the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934.”
Quoted word-for-word from the SEC 8-K results press release.
SANM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $3.27 | $2.95 | +11.0% | $3.48B | 4 |
| Next quarter (ends Dec 2026) | $2.95 | $3.00 | -1.6% | $3.55B | 4 |
| Current fiscal year (ends Sep 2026) | $12.11 | $11.22 | +7.9% | $14.15B | 5 |
| Next fiscal year (ends Sep 2027) | $14.08 | $13.02 | +8.1% | $16.70B | 5 |
Key Statistics (as of October 23, 2026 at 09:21 UTC)
| Price | USD 154.47 |
|---|---|
| Change | ▼ 10.23% (down) |
| Previous Close | USD 154.47 |
| Open | USD 154.47 |
| Day Range | USD 153.12 – 166.91 |
| 52-Week Range | USD 118.1 – 288.68 |
| Volume | 1,236,678 shares |
| Market Cap | — |
| Exchange | NMS |
Technical Analysis (SANM)
Nexqual's technical model rates SANM "SELL" based on 3 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:21 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 26.95 (oversold) |
| vs SMA50 | Below (USD 202.3) |
| MACD | -11.12 (negative) |
Earnings (SANM)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 3.27 |
| Revenue Estimate | $3.48B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 3.31 vs est 2.79 ▲ beat |
| 2026-03-31 | USD 3.16 vs est 2.4 ▲ beat |
| 2025-12-31 | USD 2.38 vs est 2.15 ▲ beat |
| 2025-09-30 | USD 1.67 vs est 1.57 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Financials & Fundamentals (SANM)
| Total Revenue | $12.76B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +69.70% |
| Gross Margin | +9.02% |
| Operating Margin | +7.04% |
| Profit Margin | +2.41% |
| ROE | +12.49% |
| Debt / Equity | 0.88 |
| Current Ratio | 1.78 |
| Total Cash | $1.85B |
| Total Debt | $2.43B |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Ownership (SANM)
| Insider Ownership | +5.28% |
|---|---|
| Institutional Ownership | +95.07% |
| Shares Outstanding | 53.60M |
| Float | 51.86M |
| Short % of Float | +5.54% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
Leadership (SANM)
Sanmina Corporation is led by Jure Sola, Co-Founder, Executive Chairman & CEO, per Nexqual as of October 23, 2026 at 09:21 UTC.
| Co-Founder, Executive Chairman & CEO | Jure Sola |
|---|---|
| Executive VP & CFO | Jonathan P. Faust |
| Executive Vice President of Worldwide Sales | Charles Cudworth Mason |
| Executive Vice President of Global Human Resources | Alan McWilliams Reid |
| Senior Vice President of Investor Communications | Paige Melching |
Major Backers & Investors (SANM)
Notable institutional backers of Sanmina Corporation include FMR, LLC, Fidelity, Invesco, according to Nexqual as of October 23, 2026 at 09:21 UTC.
Active Investors
| Investor | Stake |
|---|---|
| FMR, LLC | 14.99% |
| Fidelity | 5.57% |
| Invesco | 4.04% |
| Jane Street Group, LLC | 2.84% |
| Advanced Micro Devices Inc | 2.15% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 10.25% |
| Vanguard Group | 10.03% |
| State Street | 3.16% |
| Dimensional Fund Advisors | 2.5% |
| Geode Capital | 2.25% |
Source: Nexqual, October 23, 2026 at 09:21 UTC.
From Sanmina Corporation's Latest SEC 10-K Filing (filed 2025-11-13)
Key Strengths & Strategy (as disclosed to the SEC)
- Sanmina Global Services complements our end-to-end manufacturing strategy by integrating a full range of post-manufacturing and after-market services, engineering, supply chain, assembly, logistics, repair and environmentally friendly disposition into a seamless solution for customers, for both Sanmina-manufactured, and non-Sanmina-manufactured products around the world.
- Our end-to-end solutions, combined with our global supply chain management expertise, allow us to manage our customers' products throughout their life cycles.
- Capitalizing on our end-to-end solutions allows us to sell additional solutions to our existing customers and attract new customers.
- Our vertically integrated manufacturing solutions enable us to manufacture additional system components and subassemblies for our customers.
Partnerships
- We collaborate with our customers to enable us to respond to their changing component requirements and to reflect any changes in these requirements in our ERP system.
- We work with our customers to anticipate their future product and manufacturing requirements and align our technology investment activities with their needs.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to a number of U.S. export control and regulatory requirements relating to our defense business, with which the failure to comply could result in fines and reduction of future revenue.
- Any of these events could reduce our revenue, increase our costs and damage our reputation with our customers.
- Any failure to comply with applicable environmental laws could adversely affect our business by causing us to pay significant amounts for cleanup of hazardous materials or for damages or fines.
- We cannot assure that past disposal activities will not result in liability that will materially affect us in the future, nor can we provide assurance that we do not have environmental exposures of which we are unaware and which could adversely affect our future operating results.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| VICR | Vicor Corporation | USD 179.99 | ▼ 15.66% |
| LFUS | Littelfuse, Inc. | USD 350.28 | ▼ 10.1% |
| TTMI | TTM Technologies, Inc. | USD 73.89 | ▼ 27.67% |
| RAL | Ralliant Corporation | USD 65.64 | ▼ 5.27% |
| FN | Fabrinet | USD 317.67 | ▼ 10.78% |
| PLXS | Plexus Corp. | USD 220.78 | ▼ 7.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:21 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt